Eurasia Capital, a Hong Kong-based investment bank, and MonBiz Media Ltd.
updated the MonBiz Mongolia Index on October 1 and increased the number of
benchmark members to 24 from 20. Actually five companies were added — Mongolia
Investment Group, Central Asia Metals Plc,
O. Tengis, Head of the Legal
Department of the Mongolian Tax Administration, does not think the decision of
Altan Dornod Mongol, a Russian-owned gold mining company, to take the Mongolian
Government to international arbitration over the 68% windfall profits tax
should be seen as
XacBank, M-ICP, and M-CAM of the USA have
signed an agreement to cooperate in increasing business possibilities in
Mongolia, to get a larger share of the emerging capital market. M. Bold,
Executive Director of XacBank, said that the access promised in the agreement
to
The mining sector is the key driver
for the Mongolian economy, says the Mongolia Mining Report Q4 2010. In 2001,
mining earned just USD110 million and made up 9.5% of GDP. But in 2010, mining
revenue is expected to total a comparatively massive
